Can I retire at age 45 with 1,710,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$141,210$139,952$138,725$137,527$136,358$133,496
2 years$69,906$68,604$67,342$66,119$64,932$62,062
3 years$46,141$44,834$43,575$42,363$41,196$38,407
4 years$34,261$32,957$31,711$30,520$29,381$26,696
5 years$27,135$25,839$24,609$23,442$22,335$19,760
6 years$22,385$21,099$19,888$18,747$17,673$15,212
7 years$18,994$17,719$16,527$15,413$14,373$12,026
8 years$16,452$15,189$14,016$12,930$11,924$9,690
9 years$14,476$13,225$12,072$11,013$10,041$7,919
10 years$12,896$11,657$10,525$9,493$8,556$6,543
11 years$11,604$10,377$9,266$8,262$7,358$5,452
12 years$10,529$9,314$8,223$7,247$6,377$4,575
13 years$9,619$8,417$7,347$6,398$5,560$3,860
14 years$8,840$7,651$6,601$5,679$4,874$3,271
15 years$8,166$6,989$5,960$5,065$4,292$2,783
16 years$7,576$6,413$5,404$4,535$3,793$2,375
17 years$7,056$5,906$4,917$4,075$3,363$2,032
18 years$6,595$5,457$4,489$3,672$2,990$1,742
19 years$6,182$5,058$4,109$3,318$2,665$1,497
20 years$5,812$4,700$3,771$3,005$2,381$1,288
21 years$5,477$4,378$3,469$2,727$2,131$1,110
22 years$5,173$4,086$3,197$2,480$1,910$957
23 years$4,895$3,822$2,952$2,258$1,714$826
24 years$4,642$3,581$2,730$2,060$1,541$714
25 years$4,409$3,361$2,529$1,881$1,386$618
26 years$4,194$3,158$2,345$1,720$1,249$534
27 years$3,995$2,972$2,178$1,574$1,126$463
28 years$3,811$2,801$2,024$1,443$1,016$401
29 years$3,640$2,642$1,884$1,323$917$347
30 years$3,481$2,495$1,755$1,214$829$301
31 years$3,332$2,359$1,636$1,115$749$261
32 years$3,193$2,232$1,526$1,025$678$226
33 years$3,062$2,114$1,425$942$614$196
34 years$2,940$2,003$1,332$867$555$170
35 years$2,825$1,900$1,245$798$503$148
36 years$2,716$1,804$1,165$735$456$128
37 years$2,613$1,713$1,090$677$413$111
38 years$2,516$1,628$1,021$624$375$97
39 years$2,425$1,548$956$576$340$84
40 years$2,338$1,473$896$531$308$73
41 years$2,255$1,402$841$490$280$63
42 years$2,177$1,335$788$452$254$55
43 years$2,103$1,272$740$417$230$48
44 years$2,032$1,213$694$385$209$41
45 years$1,964$1,156$652$356$190$36
46 years$1,900$1,103$612$329$172$31
47 years$1,838$1,053$575$304$156$27
48 years$1,780$1,005$541$281$142$24
49 years$1,723$960$508$259$129$21
50 years$1,670$917$478$240$117$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,710,000, adding $2,862 every year, while hoping to spend $26,282 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 53/40/7 Blend
44$1,710,000$1,710,000$1,710,000$1,710,000
45$1,887,372$1,796,742$1,770,237$1,984,095
46$2,051,920$1,856,819$1,801,576$2,110,026
47$2,232,371$1,918,958$1,833,084$2,243,840
48$2,430,320$1,983,234$1,864,739$2,388,784
49$2,647,522$2,049,722$1,896,518$2,545,911
50$2,885,912$2,118,501$1,928,394$2,716,384
51$3,147,621$2,189,653$1,960,340$2,901,480
52$3,434,995$2,263,263$1,992,329$3,102,603
53$3,750,620$2,339,418$2,024,327$3,321,298
54$4,097,345$2,418,211$2,056,304$3,559,264
55$4,478,306$2,499,736$2,088,223$3,818,371
56$4,896,962$2,584,091$2,120,046$4,100,677
57$5,357,119$2,671,379$2,151,734$4,408,446
58$5,862,973$2,761,704$2,183,245$4,744,169
59$6,419,146$2,855,177$2,214,534$5,110,590
60$7,030,730$2,951,913$2,245,553$5,510,726
61$7,703,337$3,052,028$2,276,250$5,947,901
62$8,443,146$3,155,647$2,306,574$6,425,773
63$9,256,969$3,262,896$2,336,466$6,948,369
64$10,152,310$3,373,907$2,365,868$7,520,123
65$11,137,436$3,488,819$2,394,715$8,145,917
66$12,221,457$3,607,774$2,422,941$8,831,126
67$13,414,411$3,730,920$2,450,474$9,581,671
68$14,727,356$3,858,410$2,477,240$10,404,069
69$16,172,478$3,990,405$2,503,160$11,305,500
70$17,763,206$4,127,069$2,528,150$12,293,869
71$19,514,333$4,268,576$2,552,124$13,377,885
72$21,442,163$4,415,104$2,574,988$14,567,136
73$23,564,659$4,566,839$2,596,645$15,872,185
74$25,901,614$4,723,975$2,616,993$17,304,668
75$28,474,840$4,886,710$2,635,923$18,877,399
76$31,308,369$5,055,254$2,653,322$20,604,494
77$34,428,684$5,229,824$2,669,070$22,501,504
78$37,864,968$5,410,643$2,683,042$24,585,558
79$41,649,377$5,597,947$2,695,106$26,875,525
80$45,817,344$5,791,976$2,705,122$29,392,194
81$50,407,915$5,992,985$2,712,946$32,158,464
82$55,464,116$6,201,235$2,718,423$35,199,566
83$61,033,359$6,416,999$2,721,394$38,543,292
84$67,167,890$6,640,561$2,721,689$42,220,265
85$73,925,281$6,872,214$2,719,132$46,264,221
86$81,368,973$7,112,266$2,713,536$50,712,329
87$89,568,877$7,361,035$2,704,707$55,605,541
88$98,602,028$7,618,852$2,692,441$60,988,975
89$108,553,321$7,886,062$2,676,524$66,912,342
90$119,516,303$8,163,022$2,656,731$73,430,416
91$131,594,061$8,450,105$2,632,826$80,603,544
92$144,900,194$8,747,699$2,604,565$88,498,220
93$159,559,883$9,056,206$2,571,688$97,187,709
94$175,711,078$9,376,047$2,533,925$106,752,736
95$193,505,790$9,707,656$2,490,995$117,282,250
96$213,111,538$10,051,487$2,442,600$128,874,259
97$234,712,918$10,408,014$2,388,430$141,636,757
98$258,513,355$10,777,726$2,328,162$155,688,737
99$284,737,018$11,161,135$2,261,456$171,161,318
100$313,630,937$11,558,774$2,187,958$188,198,979